Monday, October 12, 2015

09-28: DSI Dialysis, Pearland Dialysis Center, Burger King, Retail Center


Daily Best Commercial Properties

  1. Retail Center in Columbia, SC: 10,908 SF well maintained strip center on .64 ac lot at a hard corner location. Across from Columbia Place Mall. 100% NNN leased to national, regional and local tenants. NOI $105K/yr. $1.15M. 9.16% cap.
  2. DSI Dialysis in Muncie, IN: 5952 SF dialysis center built in 2007 on 1.48 ac lot. Close to Muncie Mall.  15 yrs NNN lease with over 7 yrs left to a strong operator with over 100 clinics and is being merged with US Renal Care, the #3 dialysis clinic chain with 274 centers. NOI $178K/yr with 2.25% annual rent bumps. $2.485M. 7.20% cap.
  3. Retail Building in Castro Valley, CA: 8340 SF consisting of two well maintained retail buildings on .86 ac lot in upper middle class Alameda County. With easy access to I-580. 100% leased to Round Table and Tanning. NOI $131K/yr. $2.5M. 5.26% cap.
  4. Pearland Dialysis Center in Pearland, TX: 8003 SF brand new dialysis center on .76 ac lot in a fast growing and affluent (AHI $115K/yr in a 3 mile ring) Houston suburbs. 10 yrs NNN- corp lease by Tarrant Nephrology Associates, a regional dialysis operator with 19+ locations. NOI $172K/yr with annual rent increases. $2.304M. 7.50% cap.
  5. Burger King in Phoenix, AZ: 3500 SF well maintained fast food restaurant on .80 ac outparcel to Albertsons and Walgreens. Close to Paradise Valley Community College. 100% absolute NNN lease with 3 yrs left. NOI $94K/yr. $1.461M. 6.50% cap.
  6. Retail Center in Roselle, IL: 13,545 SF newly constructed retail center on 1.32 ac lot in a high income area with an AHI of $96K/yr in 1 mile. NOI $202K/yr. $2.7M. 7.50% cap.
  7. Retail Center in Katy, TX:17,500 SF retail center built in 2005 on 1.59 ac lot at main corridor and in fast growing and affluent Houston metro with an AHI of $132K/yr within 1 mile. 100% NNNN lease to nine tenants. NOI $350K/yr. $5.15M. 7% cap.
  8. Retail Center in Compton, CA: 16,300 SF retail center constructed in 1990 at a signalized intersection in densely populated Los Angeles area with over 833,000 residents in a 5 mile ring.  NOI $284K/yr. $4M. 7.10% cap.
  9. Retail Center in Morrow, GA: 13,875 SF well maintained retail center on over 2 ac lot anchored by CVS Pharmacy at a hard corner location in Atlanta suburbs. 100% leased. NOI $239K/yr. $2.89M. 8.30% cap.
  10. Shopping Center in Tampa, FL: 44,173 SF shopping center renovated in 2008 on over 5 ac lot in a high income area. Major tenants include: Kobe Steakhouse, Century 21, Once Upon a Child, Partyscene and Chevron/Circle K. 93% leased. NOI $791K/yr. Price reduced from $10.424M to 9.889M. 8% cap.
(c) Transmercial 2015
About The Properties

Transmercial is the only company in the US that offers this list of best properties between $950K to $30M in 50 states.  These properties are selected from 300-400 daily listings from many commercial real estate companies, and various other sources.   Each property has a brief description and a flyer.  Please click here for selection criteria.  Underlined names, if any, indicate safe hyperlinks that you can click for more info. For a full marketing brochure, please reply and specify the property number.  Transmercial will guide you thru the whole acquisition process if needed.  It will track all the issues via the "Due Diligence Summary" report until they are all resolved prior to closing.


Below are the most commonly used acronyms:

  • AHI: Avg. Household Income.  National average is about $55+K/yr.
  • NOI: Net Operating Income.  It's the income after all expenses (prop taxes, ins., maintenance) paid.
  • NNN: Triple net lease in which tenants pay taxes, insurance and maintenance expenses.
  • NNN-: Triple net lease with landlord responsible for roof and structure.  Used by Transmercial only.

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